Runwal Enterprises IPO

Listed Mainboard
Min Investment
₹14,945
49 Shares
Min Investment
₹14,945 · 49 Shares
Open Sept 25
Close Sept 29
Allotment Sept 30
Refund Oct 01
Demat Oct 01
Listing Oct 05
Price Band ₹290–305
Lot Size 49 shares
Issue Size ₹500 Cr
Listed At ₹306.00 +0.3%
Subscribed 2.63×
Listed On BSE & NSE
Listing Price
₹306.00 (+0.33%)
vs issue price
Current Price (NSE)
₹264.70 (-13.21%)
as of 15 Oct, 10:10 am IST

Market Sentiment

Grey Market Premium What is GMP?
₹-5
-1.6% ▼ ₹9 since last update
Est. listing ₹300
Upper price ₹305
GMP range ₹-5 – ₹24
28 Sept · ₹13 01 Oct · ₹-5
Updated 01 Oct, 12:55 pm IST Unofficial grey-market data
GMP estimate ₹300
Actual listing ₹306
Listed above the GMP estimate by ₹6 (+2%)
Subscription Status
QIB
4.10x
NII
4.14x
bNII (>10L)
4.57x
sNII (2-10L)
3.28x
Retail
1.18x
Employee
1.13x
Total
2.63x
Updated: Sept 29, 2026 5:58 pm IST
Analysis Score 32 / 100
Weak Signals
Data: 80%
GMP Score 20
Subscription Score 32
Financial Health 58
Score updates live as GMP/subscription change. For information only — not investment advice.

IPO Details

Price Band₹290–305 per equity share
Face Value₹2 Per Equity Share
Lot Size 49 shares (Min ₹14,945)
Total Issue Size ₹500.00 crore
Fresh IssueEntire issue — no offer for sale, so all proceeds go to the company
Issue TypeBook build Issue
Lead Manager ICICI Securities Ltd. , Jefferies India Pvt.Ltd.
Registrar MUFG Intime India Pvt. Ltd.
PromotersSubodh Subhash Runwal
Listing atBSE & NSE
BSE Code544959
ISININE804W01029
Listing Price₹306.00
Listing Gain+0.33%

Day-wise Subscription (times subscribed)

Category Day 1 Day 4 Final
QIB 0.96x 1.05x 4.10x
NII 0.28x 0.94x 4.14x
bNII > ₹10L 0.33x 1.12x 4.57x
sNII 2-10L 0.19x 0.58x 3.28x
Retail 0.18x 0.42x 1.18x
Employee 0.17x 0.40x 1.13x
Total 0.42x 0.71x 2.63x

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 1 49 ₹14,945
Retail Maximum 13 637 ₹1,94,285
S-HNI Minimum 14 686 ₹2,09,230
S-HNI Maximum 66 3,234 ₹9,86,370
B-HNI Minimum 67 3,283 ₹10,01,315
Budget to Lots Calculator ▼
₹

IPO Reservation

Category Shares Offered Shares %
QIB32,55,73919.85%
NII (HNI)24,41,80314.88%
bNII > ₹10L16,27,8699.92%
sNII < ₹10L8,13,9344.96%
Retail56,97,54034.73%
Employee1,26,8110.77%
Anchor48,83,60529.77%
Total1,64,05,498

Financial Analysis

Financial Data

EPS (Pre)
₹16.74
RoNW
27.24%
EBITDA Margin
19.44%
Debt/Equity
3.29
NAV/Share
₹61.43
Revenue Growth
76.15%
Profit Margin
10.04%

Financial Performance

Metric 2024 2025 2026
Revenue 2,436.68 1,050.71 1,850.79
Expense 2,279.90 953.15 1,626.86
Profit (PAT) 93.70 55.65 185.76
Total Assets 7,079.74 8,328.14 10,254.50
Values in Crores (₹)

Peer Comparison

Company EPS P/E RoNW % NAV Income
Oberoi Realty Limited 68.96 25.88 13.99 492.89 6,009.06 Cr
Lodha Developers Limited 34.34 33.42 14.73 233.11 16,676.20 Cr
Godrej Properties Limited 61.43 27.53 9.61 635.96 5,131.43 Cr
Sunteck Realty Limited 13.94 21.09 5.60 245.92 1,123.94 Cr
Keystone Realtors Limited 6.25 56.96 3.32 226.82 2,634.50 Cr
Prestige Estates Projects Limited 27.76 51.70 8.02 377.80 12,685.40 Cr
Kalpataru Limited 4.76 57.66 1.94 199.91 3,435.62 Cr

Strengths & Risks

Strengths
  • Strong institutional (QIB) demand — 4.1x.
  • Revenue grew 76% in the latest reported year.
  • Solid profit margin — 10.0%.
Risks & Concerns
  • Elevated leverage — debt/equity of 3.29.

Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.

Company Information

About Runwal Enterprises

Founded in February 2016, Runwal Enterprises is one of the leading real-estate developers that builds residential homes across affordable, mid-income, and luxury segments, along with commercial spaces, retail malls, and educational buildings. It is a recognized brand in the real estate industry with a strong presence across Mumbai. As of March 2026, the firm has completed 19 projects, 28 are ongoing Projects, and 33 are upcoming. Moreover, Runwal Enterprises also has expertise in developing large townships such as schools, malls, retail shops, and shopping arcades. Furthermore, the company has its own in-house team to design, architect, construct, and handle sales and marketing, contracts, and procurement for residential projects.

Company Contact Information

Runwal Enterprises Ltd., Runwal & Omkar Esquare, 4th floor, Off:, Eastern Exp Highway, Opp Sion Chunabhatti signal,, Sion-(E), Mumbai City, Mumbai, Maharashtra, India, Mumbai, Maharashtra, 400022

Objects of the Issue

Purpose Amount (Cr)
Repayment/ pre-payment, in full or in part, of certain outstanding borrowings availed by the Company 200.00
Investment in the Material Subsidiaries namely Susneh Infrapark Private Limited and Runwal Residency Private Limited and our Subsidiary namely Evie Real Estate Private Limited, for repayment/ pre-payment, in full or in part, of all or a portion of certain of their outstanding borrowings. 450.00
Funding acquisitions of future real estate projects and general corporate purposes. -

Resources & Documents

Anchor Investors

Anchor Bidding Date
September 24, 2026
Shares Offered to Anchors
48,83,605
Lock-in End (30 Days, 50%)
October 30, 2026
Lock-in End (90 Days, 50%)
December 29, 2026

Runwal Enterprises IPO - Quick Take

Runwal Enterprises has set a price band of Rs 290–Rs 305 per share for an issue size of Rs 500 crore. The stock listed with a 0.33% gain versus its issue price on October 05, 2026.

The issue is promoted by Subodh Subhash Runwal with ICICI Securities Ltd., Jefferies India Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards repayment/ pre-payment, in full or in part, of certain outstanding borrowings availed by the Company (Rs 200 crore) and investment in the Material Subsidiaries namely Susneh Infrapark Private Limited and Runwal Residency Private Limited and… (Rs 450 crore).

On fundamentals, the company is posting revenue growth of 76.2%, a profit margin of 10.0% in its most recent reported period. Listed peers in this segment include Oberoi Realty Limited (P/E 25.88x) and Lodha Developers Limited (P/E 33.42x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.

On our data-signal score, the combined signals for this issue currently read weak — several key indicators are reading below average. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.

Frequently Asked Questions

The price band of Runwal Enterprises IPO is Rs 290 to Rs 305 per share. Face value is Rs 2 per share.

The total issue size of Runwal Enterprises IPO is Rs 500 crore, comprising fresh issue of Rs 500 crore.

The lot size of Runwal Enterprises IPO is 49 shares. The minimum application is 1 lot (49 shares), requiring an investment of Rs 14,945. Maximum retail application is 13 lots (637 shares, approx Rs 1,94,285).

Runwal Enterprises IPO opens for subscription on September 25, 2026 and closes on September 29, 2026. Anchor investor bidding is scheduled for September 24, 2026.

The expected allotment date for Runwal Enterprises IPO is September 30, 2026. Refunds for unsuccessful applicants are expected on October 01, 2026. Shares are scheduled to be credited to demat accounts on October 01, 2026.

Runwal Enterprises IPO is scheduled to list on October 05, 2026 on both BSE and NSE. BSE script code: 544959, ISIN: INE804W01029.

The last GMP (Grey Market Premium) recorded for Runwal Enterprises IPO before listing was Rs -5 (-1.6% over issue price). The shares actually listed at Rs 306 (+0.33% versus the issue price). GMP only estimates the listing price and stops mattering once the shares trade.

Runwal Enterprises IPO was subscribed 2.63 times overall by the close of bidding — retail at 1.18x, QIB at 4.10x, NII at 4.14x.

Based on the final retail subscription of 1.18x for Runwal Enterprises IPO, the estimated retail allotment probability is approximately 96.6%. This is a high probability of allotment.

The registrar for Runwal Enterprises IPO is MUFG Intime India Pvt. Ltd. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for Runwal Enterprises IPO are ICICI Securities Ltd., Jefferies India Pvt.Ltd.

The promoter(s) of Runwal Enterprises are Subodh Subhash Runwal.

Runwal Enterprises IPO GMP — What It Means

GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was -1.6%. Of the 15 Mainboard IPOs we have tracked with a final GMP below zero, 2 listed above, 0 flat and 13 below the issue price; Runwal Enterprises listed 0.3% above its issue price.

See the full Runwal Enterprises GMP history and trend, or learn how grey market premium works and how reliable it is.

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